Saturday, November 26, 2022

Breakthrough AI Integration Platform AI Squared Rakes $6 Million Seed Financing led by NEA and Ridgeline Partners

By ET Bureau - June 28, 2022 3 mins read

AI Squared, the low-code AI integration platform, today announced it has raised $6 million Seed financing by global venture capital firm NEA with participation from Ridgeline Partners. The company has launched a cutting-edge, artificial intelligence (AI) platform designed to enable rapid machine learning (ML) model adaptation across today’s most critical business web-applications at scale for enterprise companies. The new capital will help drive technology innovation, employment hiring, new product development and expansion within their identified beachhead market.

AI Squared is a low-code AI integration platform with a mission to empower companies to make any existing applications intelligent by simplifying and accelerating the integration of AI into apps, ultimately increasing AI adoption. The platform embeds AI into any existing application and integrates intelligent automation, data-driven insights, and guided recommendations to create an intelligent application that can deliver a more personalized interface, improve productivity, and support decision making. The technology empowers companies to accelerate the adoption of machine learning by removing the many complexities of model integration and dependencies on IT. With AI Squared, data scientists can build, optimize and integrate ML models into business applications easily and efficiently, putting AI-powered insights into the hands of business users in minutes.

“If you’re a data scientist or engineer, and you’re struggling to quickly integrate machine learning into your web-based business applications due to the complexities of deployment and development, we’re here for you,” said Benjamin Harvey, CEO. “AI Squared is the easiest way to empower end users to leverage results of AI and ML that are accurate, actionable, relevant, timely and contextualized for in-app decision intelligence.”

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AI Squared provides an essential solution for AI empowered organizations using a four-factor approach: democratization, augmentation, adaptation, and intelligent automation. The platform empowers analysts and non-technical users to have awareness of and access to AI in order to harness the power of AI inside of applications. Augmentation occurs and yields AI-powered embedded insights, making the apps that teams use the most intelligent through contextualization. Business organizations are offered the option to adapt models. They can customize, personalize, and tune integrations to a specific end-user or organization. Lastly, AI Squared provides intelligent automation, timely invoking of models, chaining multiple models, adjusting models for relevance, and enabling in-workflow process augmentation and transformation.

“Companies across the globe are scrambling to implement AI and ML powered applications to optimize data, automate processes, and drive business value–which can be a complex, timely, and costly transition” said Pete Sonsini, General Partner, NEA. Greg Papadopoulos, Venture Partner, NEA, added: “AI Squared enables businesses to unleash the magic of AI with a low-code, easy-to-integrate platform aimed to make companies smarter, more effective, and more innovative. We’re excited to partner with Ben and his team to improve business outcomes by making AI usable and accessible to business and data teams alike.”

As a majority minority-owned firm, AI Squared consists of four founders and a staff of 95% African American and Hispanic American descent. AI Squared joins an emerging class of elite minority-owned tech firms creating professional and economic opportunities.

The company is hosting its official brand launch on June 23, at 10:30 am on LinkedIn Live. An introduction of the founders, product showcase, and special guests are scheduled for this event.

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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